Adyen tops AEX after $335 million acquisition
BUZZ-Adyen tops AEX after $335 million acquisition ** Adyen ADYEN.AS shares are up around 5% after the Dutch payments processor said it will buy U.S.-based enterprise billing platform Orb for $335 million (€289.8 million)
** Deal is Adyen's second-ever acquisition, after takeover of software firm Talon.One for €750 million announced in April
** Adyen expects both acquisitions to close on July 1, 2026 and to generate a 1% increase to net revenue growth
** "Adyen has now spent just over €1 billion, with plenty of cash reserves left for similar acquisitions," says Thomas Couvreur at KBC Securities
** Both acquisitions provide possible entry points for new clients, Couvreur adds
** Adyen's stock tops the Netherlands' AEX .AEX index; shares down 40% YTD
(1 euro = $1.1560)
(Reporting by Gianluca Lo Nostro)
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